A manufacturer offers a 25/20 c discount if the invoice subtotal is $1,000. If the list price is $52 per what is the total price of the first

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 4Q: If a retailer made a purchase in the amount of $350 with credit terms of 2/15, n/60. What would the...
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what is the total price  of the first invoice that activates the chain discount?

A manufacturer offers a 25/20 chain
discount if the invoice subtotal is above
$1,000. If the list price is $52 per item,
what is the total price of the first invoice
that activates the chain discount?
A. $655.20
C. $624.00
B. $592.80
D. $572.00
Transcribed Image Text:A manufacturer offers a 25/20 chain discount if the invoice subtotal is above $1,000. If the list price is $52 per item, what is the total price of the first invoice that activates the chain discount? A. $655.20 C. $624.00 B. $592.80 D. $572.00
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